Union Investment, one of Germany's leading open-ended funds, plans to boost the level of new investment to between EUR 1 and EUR 2 bn annually in the next few years with a growing focus on shopping centres. This year new investment is set to hit around EUR 1.5 bn compared with EUR 1.1 bn in 2006, chairman Reinhard Kutscher said on Friday during a conference for international journalists in London.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
